ASML stock price drop shows how vital it is for the future of technology
ASML, a Dutch designer and manufacturer of cutting-edge and bleeding-edge lithography systems, lost 16% of its market cap in the hours following the accidental leak of its lower-than-expected Q3 2024 earnings.
It remains the only company in the world with the technological know-how to produce and sell extreme ultraviolet lithography (EUV) machines that can make bleeding edge 5nm, or even 3nm, chips.
Is the decline in its stock price simply a temporary shift in market sentiment, or is it a sign of things to come?
Forward guidance showed that ASML’s 2025 sales forecasts came out far lower than analysts had been led to believe throughout the year. ASML now also expects its China sales to decline, having historically accounted for…
